Penalty u/s 112 was leviable as PSIC was not issued by DGFT-approved agency for Mauritius

Greta Steels Ltd Vs Commissioner of Customs (CESTAT Chennai)

Conclusion: Penalty under sec. 112 was justified where the Pre-Shipment Inspection Certificate (PSIC) was not issued by a DGFT-approved agency for Mauritius and was found to be forged as even if the goods were found to be clean upon inspection, the submission of a forged certificate still violated the legal procedure intended to safeguard against the import of hazardous materials.

Held: Assessee-company was acting as a high-seas seller, imported Light Melting Scrap (LMS) from Mauri

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